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Al-Shura proposes ending sponsor requirement
The article focused on the Saudi Shura Council's discussion of requests related to easing financing for individuals and small institutions. The council recommended canceling the guarantee requirement for personal financing and relying solely on direct deductions from salaries to facilitate access to funding. It also emphasized the importance of developing innovative financing products and expanding support for small tourism businesses, especially in non-major regions, to ensure balanced growth. Additionally, the discussion highlighted the significance of assessing the capacity of beneficiary establishments to access financing and supporting them effectively. The committees were requested to conduct further studies and to present their observations in an upcoming session.
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